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Applied Industrial Technologies (AIT) Financials

Applied Industrial Technologies logo
$321.09 -17.30 (-5.11%)
As of 08/28/2026 03:58 PM Eastern
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Annual Income Statements for Applied Industrial Technologies

Annual Income Statements for Applied Industrial Technologies

This table shows Applied Industrial Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 30 134 142 144 24 145 257 347 386 393 415
Consolidated Net Income / (Loss)		 30 134 142 144 24 145 257 347 386 393 415
Net Income / (Loss) Continuing Operations		 30 134 142 144 24 145 257 347 386 393 415
Total Pre-Tax Income 		79 167 205 194 55 177 330 450 498 501 544
Total Operating Income		 90 175 226 234 89 205 358 473 496 499 549
Total Gross Profit		 707 738 884 1,008 938 936 1,107 1,287 1,337 1,383 1,507
Total Revenue		 2,519 2,594 3,073 3,473 3,246 3,236 3,811 4,413 4,479 4,563 4,967
Operating Revenue		 2,519 2,594 3,073 3,473 3,246 3,236 3,811 4,413 4,479 4,563 4,967
Total Cost of Revenue		 1,812 1,856 2,189 2,465 2,308 2,300 2,704 3,126 3,143 3,180 3,460
Operating Cost of Revenue		 1,812 1,856 2,189 2,465 2,308 2,300 2,704 3,126 3,143 3,180 3,460
Total Operating Expenses		 618 562 658 774 849 730 749 814 841 885 957
Selling, General & Admin Expense		 553 562 658 742 718 681 749 814 841 885 957
Total Other Income / (Expense), net		 -11 -8.42 -21 -39 -34 -28 -28 -23 2.31 2.44 -5.20
Interest Expense		 9.00 8.83 24 41 37 31 27 25 21 18 17
Interest & Investment Income		 0.24 0.29 0.66 0.60 0.73 0.22 0.52 3.15 18 18 9.45
Other Income / (Expense), net		 -2.04 0.12 2.38 0.88 2.78 2.20 -1.81 -1.70 5.14 3.05 2.74
Income Tax Expense		 49 33 63 50 31 32 72 103 112 108 130
Basic Earnings per Share		 $0.75 $3.43 $3.65 $3.72 $0.62 $3.73 $6.69 $8.98 $9.98 $10.26 $11.09
Weighted Average Basic Shares Outstanding		 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M
Diluted Earnings per Share		 $0.75 $3.40 $3.61 $3.68 $0.62 $3.68 $6.58 $8.84 $9.83 $10.12 $10.95
Weighted Average Diluted Shares Outstanding		 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M
Weighted Average Basic & Diluted Shares Outstanding		 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M

Quarterly Income Statements for Applied Industrial Technologies

This table shows Applied Industrial Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 91 97 103 92 93 100 108 101 95 100 119
Consolidated Net Income / (Loss)		 91 97 103 92 93 100 108 101 95 100 119
Net Income / (Loss) Continuing Operations		 91 97 103 92 93 100 108 101 95 100 119
Total Pre-Tax Income 		116 123 141 116 123 127 135 129 123 135 158
Total Operating Income		 115 121 139 113 121 129 135 129 123 138 159
Total Gross Profit		 317 338 356 325 328 355 375 361 353 381 411
Total Revenue		 1,077 1,146 1,161 1,099 1,073 1,167 1,225 1,200 1,163 1,251 1,353
Operating Revenue		 1,077 1,146 1,161 1,099 1,073 1,167 1,225 1,200 1,163 1,251 1,353
Total Cost of Revenue		 760 808 804 774 745 811 850 838 810 871 941
Operating Cost of Revenue		 760 808 804 774 745 811 850 838 810 871 941
Total Operating Expenses		 202 217 217 212 207 226 240 232 230 243 252
Selling, General & Admin Expense		 202 217 217 212 207 226 240 232 230 243 252
Total Other Income / (Expense), net		 1.01 1.46 1.59 2.91 1.69 -2.12 -0.04 -0.45 -0.44 -2.80 -1.52
Interest Expense		 1.92 0.27 17 -0.63 -0.94 0.85 19 0.99 0.94 2.45 13
Other Income / (Expense), net		 2.92 1.72 0.92 2.28 0.76 -1.27 1.28 0.55 0.51 -0.35 2.04
Income Tax Expense		 24 25 37 24 29 27 27 28 27 35 39
Basic Earnings per Share		 $2.35 $2.51 $2.70 $2.40 $2.43 $2.60 $2.83 $2.67 $2.54 $2.68 $3.20
Weighted Average Basic Shares Outstanding		 38.74M 38.68M 38.36M 38.40M 38.43M 38.32M 37.75M 37.76M 37.60M 37.22M 36.70M
Diluted Earnings per Share		 $2.32 $2.48 $2.64 $2.36 $2.39 $2.57 $2.80 $2.63 $2.51 $2.65 $3.16
Weighted Average Diluted Shares Outstanding		 39.30M 39.25M 38.36M 38.94M 38.96M 38.85M 37.75M 38.27M 38.06M 37.68M 36.70M
Weighted Average Basic & Diluted Shares Outstanding		 38.67M 38.60M 38.36M 38.45M 38.38M 38.08M 37.75M 37.72M 37.30M 36.96M 36.70M

Annual Cash Flow Statements for Applied Industrial Technologies

This table details how cash moves in and out of Applied Industrial Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 -9.61 45 -51 54 160 -11 -73 160 117 -72 -261
Net Cash From Operating Activities		 162 165 147 181 297 242 188 344 371 492 484
Net Cash From Continuing Operating Activities		 162 165 147 181 297 242 188 344 371 492 484
Net Income / (Loss) Continuing Operations		 30 134 142 144 24 145 257 347 386 393 415
Consolidated Net Income / (Loss)		 30 134 142 144 24 145 257 347 386 393 415
Depreciation Expense		 16 15 18 20 21 21 22 22 23 25 26
Amortization Expense		 26 24 32 42 42 34 32 31 29 36 40
Non-Cash Adjustments To Reconcile Net Income		 74 5.82 8.43 45 136 35 13 19 11 18 16
Changes in Operating Assets and Liabilities, net		 17 -15 -53 -70 74 6.38 -137 -75 -78 21 -13
Net Cash From Investing Activities		 -75 -17 -798 -55 -55 -45 -36 -61 -95 -319 -34
Net Cash From Continuing Investing Activities		 -75 -17 -798 -55 -55 -45 -36 -61 -95 -319 -34
Purchase of Property, Plant & Equipment		 -13 -17 -23 -19 -20 -16 -18 -26 -25 -27 -24
Acquisitions		 -63 -2.77 -776 -38 -37 -30 -6.96 -36 -72 -293 -11
Sale of Property, Plant & Equipment		 0.60 2.92 0.98 1.00 1.95 1.15 1.11 1.43 0.58 1.84 1.09
Other Investing Activities, net		 - 0.00 0.00 0.39 0.00 0.00 -12 0.00 0.97 0.00 0.00
Net Cash From Financing Activities		 -93 -103 600 -72 -78 -213 -223 -127 -156 -246 -712
Net Cash From Continuing Financing Activities		 -93 -103 600 -72 -78 -213 -223 -127 -156 -246 -712
Repayment of Debt		 -118 -3.35 -110 9.88 -27 -109 -555 -69 -26 -26 -313
Repurchase of Common Equity		 -37 -8.24 -23 -11 0.00 -40 -14 -0.72 -73 -153 -317
Payment of Dividends		 -43 -45 -46 -47 -49 -51 -52 -53 -56 -64 -73
Issuance of Debt		 125 -33 780 -20 0.00 0.00 411 0.00 0.41 0.00 0.00
Other Financing Activities, net		 -19 -14 -1.54 -3.49 -2.28 -14 -13 -3.97 -1.68 -2.75 -8.72
Effect of Exchange Rate Changes		 -3.59 0.82 -0.59 0.11 -2.74 5.46 -2.15 3.32 -2.94 -0.23 0.07
Cash Interest Paid		 9.50 8.56 26 40 37 27 20 23 24 22 19

Quarterly Cash Flow Statements for Applied Industrial Technologies

This table details how cash moves in and out of Applied Industrial Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 52 44 4.08 78 -235 49 36 30 -13 -234 -44
Net Cash From Operating Activities		 102 84 119 128 95 122 147 119 100 100 165
Net Cash From Continuing Operating Activities		 102 84 119 128 95 122 147 119 100 100 165
Net Income / (Loss) Continuing Operations		 91 97 103 92 93 100 108 101 95 100 119
Consolidated Net Income / (Loss)		 91 97 103 92 93 100 108 101 95 100 119
Depreciation Expense		 6.05 5.80 5.86 5.92 5.93 6.58 6.47 6.49 6.59 6.40 6.40
Amortization Expense		 7.26 6.95 7.32 7.60 7.57 10 10 10 10 9.88 9.86
Non-Cash Adjustments To Reconcile Net Income		 -0.17 3.77 3.31 5.57 3.49 1.93 7.36 2.41 13 13 -13
Changes in Operating Assets and Liabilities, net		 -2.61 -30 -0.75 17 -15 3.92 15 -0.58 -26 -29 43
Net Cash From Investing Activities		 -5.18 -7.45 -57 -15 -268 -7.62 -28 -9.55 -5.82 -13 -5.15
Net Cash From Continuing Investing Activities		 -5.18 -7.45 -57 -15 -268 -7.62 -28 -9.55 -5.82 -13 -5.15
Purchase of Property, Plant & Equipment		 -5.52 -7.49 -7.51 -5.55 -5.20 -7.55 -8.89 -7.30 -6.28 -4.73 -5.25
Acquisitions		 - - -51 -10 -263 -0.17 -20 -2.28 -0.15 -9.00 0.00
Sale of Property, Plant & Equipment		 0.35 0.04 0.06 0.83 0.09 0.10 0.82 0.04 0.61 0.34 0.10
Net Cash From Financing Activities		 -47 -32 -55 -34 -57 -66 -88 -79 -108 -320 -204
Net Cash From Continuing Financing Activities		 -47 -32 -55 -34 -57 -66 -88 -79 -108 -320 -204
Repayment of Debt		 -25 -0.06 -0.06 -1.27 -25 - - -1.21 -1.61 -0.18 -310
Repurchase of Common Equity		 -11 -18 -45 -9.98 -20 -50 -73 -53 -90 -93 -81
Payment of Dividends		 -14 -14 -14 -14 -14 -18 -18 -17 -17 -19 -19
Issuance of Debt		 - - 0.41 - - - - - - - 207
Other Financing Activities, net		 2.72 0.69 3.23 -8.58 2.34 1.34 2.15 -6.80 0.69 -0.94 -1.68
Effect of Exchange Rate Changes		 2.61 -1.12 -2.73 -0.58 -5.40 0.62 5.14 -0.91 1.92 -1.03 0.09

Annual Balance Sheets for Applied Industrial Technologies

This table presents Applied Industrial Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 1,312 1,388 2,286 2,332 2,284 2,272 2,453 2,743 2,952 3,176 3,010
Total Current Assets		 782 883 1,058 1,148 1,160 1,197 1,360 1,647 1,770 1,747 1,579
Cash & Equivalents		 60 105 54 108 269 258 184 344 461 388 127
Accounts Receivable		 348 391 549 541 450 516 656 708 725 770 831
Inventories, net		 338 345 422 448 389 363 450 501 488 505 509
Other Current Assets		 36 41 33 51 52 60 69 93 96 84 111
Plant, Property, & Equipment, net		 108 108 121 124 122 116 112 115 119 128 132
Plant, Property & Equipment, gross		 269 274 297 305 314 320 327 344 363 384 397
Accumulated Depreciation		 161 166 175 181 192 204 215 229 245 256 265
Total Noncurrent Assets		 423 397 1,106 1,059 1,002 960 981 981 1,063 1,300 1,300
Goodwill		 203 206 647 662 541 560 563 578 619 699 705
Intangible Assets		 191 164 436 369 343 280 251 236 246 349 313
Other Noncurrent Operating Assets		 17 27 24 28 118 120 167 168 198 252 282
Total Liabilities & Shareholders' Equity		 1,312 1,388 2,286 2,332 2,284 2,272 2,453 2,743 2,952 3,176 3,010
Total Liabilities		 654 642 1,471 1,435 1,440 1,339 1,303 1,285 1,263 1,331 1,148
Total Current Liabilities		 274 310 433 424 426 428 500 540 501 526 612
Accounts Payable		 149 181 257 237 186 208 259 302 267 280 341
Current Employee Benefit Liabilities		 57 59 73 68 62 78 91 99 93 100 109
Other Current Liabilities		 65 66 83 69 99 98 109 115 116 146 162
Total Noncurrent Liabilities		 380 333 1,038 1,011 1,014 912 804 745 762 805 536
Long-Term Debt		 325 287 945 909 855 785 649 597 572 572 262
Other Noncurrent Operating Liabilities		 34 29 94 102 159 127 154 148 190 233 274
Total Equity & Noncontrolling Interests		 658 745 815 897 844 933 1,149 1,458 1,689 1,845 1,862
Total Preferred & Common Equity		 658 745 815 897 844 933 1,149 1,458 1,689 1,845 1,862
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 658 745 815 897 844 933 1,149 1,458 1,705 1,845 1,862
Common Stock		 173 175 179 183 186 187 194 199 204 209 215
Retained Earnings		 945 1,034 1,130 1,229 1,201 1,294 1,500 1,793 2,122 2,448 2,789
Treasury Stock		 -374 -381 -404 -415 -414 -456 -472 -478 -543 -721 -1,047
Accumulated Other Comprehensive Income / (Loss)		 -86 -82 -90 -100 -129 -93 -72 -55 -78 -92 -95

Quarterly Balance Sheets for Applied Industrial Technologies

This table presents Applied Industrial Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 2,523 2,609 2,751 2,783 2,855 3,003 3,045 3,116 3,185 3,159 2,989
Total Current Assets		 1,422 1,507 1,644 1,682 1,768 1,810 1,615 1,691 1,765 1,748 1,581
Cash & Equivalents		 166 182 360 413 457 539 303 353 419 406 172
Accounts Receivable		 655 706 695 659 710 692 696 755 753 707 793
Inventories, net		 523 527 508 520 504 498 518 501 522 529 526
Other Current Assets		 79 92 81 90 97 82 97 83 71 107 90
Plant, Property, & Equipment, net		 113 217 114 114 115 119 125 127 130 130 128
Total Noncurrent Assets		 988 885 993 987 972 1,075 1,305 1,297 1,291 1,281 1,279
Goodwill		 572 577 586 589 589 624 686 694 700 701 705
Intangible Assets		 247 243 237 228 221 243 361 351 339 329 323
Other Noncurrent Operating Assets		 169 64 169 170 162 208 258 252 252 251 252
Total Liabilities & Shareholders' Equity		 2,523 2,609 2,751 2,783 2,855 3,003 3,045 3,116 3,185 3,159 2,989
Total Liabilities		 1,227 1,228 1,214 1,175 1,186 1,251 1,251 1,288 1,302 1,285 1,129
Total Current Liabilities		 447 481 467 449 468 478 429 474 498 475 537
Short-Term Debt		 25 25 25 25 25 25 0.00 0.00 - - 18
Accounts Payable		 250 276 260 254 271 265 241 282 277 258 303
Current Employee Benefit Liabilities		 74 81 62 73 75 70 75 82 73 84 89
Other Current Liabilities		 98 99 119 97 97 119 113 110 148 133 127
Total Noncurrent Liabilities		 780 747 748 726 718 773 822 814 804 809 592
Long-Term Debt		 624 597 597 572 572 572 572 572 572 572 347
Other Noncurrent Operating Liabilities		 156 150 151 154 146 201 249 242 232 237 245
Total Equity & Noncontrolling Interests		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Total Preferred & Common Equity		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Preferred Stock		 0.00 0.00 2.50 2.50 0.00 2.50 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Common Stock		 195 196 196 199 201 201 204 207 208 210 212
Retained Earnings		 1,644 1,728 1,886 1,964 2,047 2,214 2,293 2,375 2,549 2,627 2,708
Treasury Stock		 -475 -477 -484 -495 -515 -577 -597 -647 -780 -870 -965
Accumulated Other Comprehensive Income / (Loss)		 -67 -66 -62 -60 -64 -87 -106 -107 -94 -92 -96

Annual Metrics And Ratios for Applied Industrial Technologies

This table displays calculated financial ratios and metrics derived from Applied Industrial Technologies' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 36,959,541.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 36,959,541.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 11.22
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -8.44% 2.95% 18.49% 13.00% -6.54% -0.30% 17.76% 15.80% 1.51% 1.88% 8.84%
EBITDA Growth		 -42.82% 66.44% 29.22% 6.73% -47.94% 70.07% 55.86% 28.05% 5.49% 1.58% 9.98%
EBIT Growth		 -52.25% 100.03% 30.03% 2.83% -60.89% 126.27% 71.46% 32.41% 6.26% 0.12% 10.09%
NOPAT Growth		 -72.26% 318.35% 11.07% 10.80% -77.62% 333.65% 66.29% 30.58% 5.28% 1.85% 7.01%
Net Income Growth		 -74.39% 352.75% 5.76% 1.67% -83.30% 502.10% 77.82% 34.70% 11.25% 1.87% 5.48%
EPS Growth		 -73.21% 353.33% 6.18% 1.94% -83.15% 493.55% 78.80% 34.35% 11.20% 2.95% 8.20%
Operating Cash Flow Growth		 3.19% 1.61% -10.52% 22.60% 64.29% -18.54% -22.39% 83.38% 7.97% 32.58% -1.69%
Free Cash Flow Firm Growth		 256.63% 33.97% -572.31% 123.71% 83.32% -37.26% -26.08% 120.14% 4.44% -36.21% 139.13%
Invested Capital Growth		 -6.75% 0.64% 85.08% 1.29% -13.62% -0.37% 10.05% 4.97% 5.13% 11.12% -1.55%
Revenue Q/Q Growth		 -1.70% 1.86% 7.57% -0.43% -4.63% 5.57% 4.54% 2.24% 0.06% 1.42% 2.64%
EBITDA Q/Q Growth		 -2.97% 2.62% 11.45% 0.19% -13.59% 13.65% 6.54% 3.98% 2.49% -0.08% 4.14%
EBIT Q/Q Growth		 -4.59% 3.54% 11.03% 0.48% -20.83% 19.16% 7.60% 4.44% 2.77% -0.77% 4.74%
NOPAT Q/Q Growth		 -6.00% 24.24% -4.95% -0.87% -22.40% 21.56% 8.05% 2.70% 1.78% 1.44% 2.91%
Net Income Q/Q Growth		 -6.27% 25.13% -8.17% -0.39% -28.99% 25.33% 8.36% 3.93% 3.01% 1.12% 2.67%
EPS Q/Q Growth		 -1.32% 24.54% -7.91% 0.00% -27.91% 24.32% 8.22% 4.00% 3.04% 1.61% 3.40%
Operating Cash Flow Q/Q Growth		 -22.48% 10.32% 9.94% 2.27% 8.66% -26.87% 8.98% 57.95% -14.05% 5.99% 3.85%
Free Cash Flow Firm Q/Q Growth		 -28.92% 13.87% 5.66% -3.54% 6.98% -34.19% 16.86% 70.06% -24.08% 27.11% 12.54%
Invested Capital Q/Q Growth		 -4.06% -2.93% -4.14% -3.88% -6.20% 1.37% 1.38% -4.63% 0.89% -0.91% -2.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.08% 28.44% 28.76% 29.02% 28.89% 28.91% 29.05% 29.16% 29.84% 30.31% 30.34%
EBITDA Margin		 5.13% 8.30% 9.05% 8.55% 4.76% 8.12% 10.75% 11.89% 12.35% 12.32% 12.45%
Operating Margin		 3.56% 6.76% 7.35% 6.73% 2.74% 6.35% 9.39% 10.72% 11.07% 10.92% 11.06%
EBIT Margin		 3.48% 6.77% 7.43% 6.76% 2.83% 6.42% 9.34% 10.68% 11.18% 10.99% 11.12%
Profit (Net Income) Margin		 1.17% 5.16% 4.61% 4.15% 0.74% 4.47% 6.76% 7.86% 8.61% 8.61% 8.35%
Tax Burden Percent		 37.45% 80.20% 69.18% 74.04% 43.53% 81.76% 78.05% 77.09% 77.44% 78.45% 76.16%
Interest Burden Percent		 90.01% 95.13% 89.71% 82.87% 60.19% 85.27% 92.62% 95.41% 99.43% 99.88% 98.56%
Effective Tax Rate		 62.55% 19.80% 30.82% 25.96% 56.47% 18.25% 21.95% 22.91% 22.56% 21.55% 23.84%
Return on Invested Capital (ROIC)		 3.50% 15.14% 11.76% 9.97% 2.38% 11.15% 17.69% 21.51% 21.56% 20.30% 20.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.95% 12.17% 9.10% 6.66% 0.44% 7.40% 13.62% 16.92% 22.42% 21.49% 18.31%
Return on Net Nonoperating Assets (RNNOA)		 0.72% 3.94% 6.39% 6.85% 0.38% 5.15% 7.04% 5.08% 2.95% 1.95% 1.58%
Return on Equity (ROE)		 4.23% 19.09% 18.15% 16.82% 2.76% 16.30% 24.73% 26.59% 24.51% 22.24% 22.37%
Cash Return on Invested Capital (CROIC)		 10.49% 14.51% -47.92% 8.70% 17.00% 11.53% 8.13% 16.66% 16.56% 9.77% 22.36%
Operating Return on Assets (OROA)		 6.39% 13.00% 12.42% 10.16% 3.98% 9.12% 15.07% 18.15% 17.59% 16.37% 17.86%
Return on Assets (ROA)		 2.16% 9.92% 7.71% 6.24% 1.04% 6.36% 10.90% 13.35% 13.55% 12.83% 13.40%
Return on Common Equity (ROCE)		 4.23% 19.09% 18.15% 16.82% 2.76% 16.30% 24.73% 26.59% 24.51% 22.45% 22.37%
Return on Equity Simple (ROE_SIMPLE)		 4.50% 17.97% 17.38% 16.05% 2.85% 15.52% 22.40% 23.77% 22.84% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 34 141 156 173 39 168 279 365 384 391 418
NOPAT Margin		 1.33% 5.42% 5.08% 4.98% 1.19% 5.19% 7.33% 8.27% 8.57% 8.57% 8.43%
Net Nonoperating Expense Percent (NNEP)		 1.56% 2.97% 2.66% 3.31% 1.94% 3.76% 4.07% 4.60% -0.86% -1.19% 2.48%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 16.18% 19.70%
Cost of Revenue to Revenue		 71.92% 71.56% 71.24% 70.98% 71.11% 71.09% 70.95% 70.84% 70.16% 69.69% 69.66%
SG&A Expenses to Revenue		 21.94% 21.68% 21.42% 21.37% 22.11% 21.03% 19.66% 18.44% 18.77% 19.39% 19.27%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.52% 21.68% 21.42% 22.28% 26.15% 22.56% 19.66% 18.44% 18.77% 19.39% 19.27%
Earnings before Interest and Taxes (EBIT)		 88 176 228 235 92 208 356 471 501 502 552
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 129 215 278 297 155 263 410 525 553 562 618
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.35 2.77 3.04 2.47 2.73 3.67 3.16 3.81 4.43 4.75 6.71
Price to Tangible Book Value (P/TBV)		 5.86 5.50 0.00 0.00 0.00 36.90 10.81 8.62 9.08 10.87 14.80
Price to Revenue (P/Rev)		 0.61 0.80 0.81 0.64 0.71 1.06 0.95 1.26 1.67 1.94 2.52
Price to Earnings (P/E)		 52.31 15.43 17.50 15.36 95.62 23.66 14.09 16.02 19.38 22.49 30.15
Dividend Yield		 2.77% 2.15% 1.84% 2.13% 2.12% 1.47% 1.42% 0.96% 0.56% 0.72% 0.57%
Earnings Yield		 1.91% 6.48% 5.71% 6.51% 1.05% 4.23% 7.09% 6.24% 5.16% 4.45% 3.32%
Enterprise Value to Invested Capital (EV/IC)		 1.96 2.42 1.96 1.75 1.96 2.66 2.50 3.36 4.17 4.45 6.33
Enterprise Value to Revenue (EV/Rev)		 0.72 0.87 1.10 0.88 0.91 1.23 1.08 1.32 1.70 1.98 2.54
Enterprise Value to EBITDA (EV/EBITDA)		 14.04 10.47 12.19 10.31 19.18 15.21 10.09 11.12 13.76 16.05 20.44
Enterprise Value to EBIT (EV/EBIT)		 20.69 12.83 14.85 13.05 32.30 19.24 11.61 12.37 15.19 17.99 22.88
Enterprise Value to NOPAT (EV/NOPAT)		 53.99 16.01 21.69 17.69 76.53 23.79 14.80 15.99 19.82 23.07 30.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.20 13.68 23.00 16.95 9.99 16.53 22.03 16.95 20.50 18.32 26.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.05 16.71 0.00 20.29 10.71 23.02 32.21 20.65 25.80 47.94 28.08
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.50 0.39 1.18 1.07 1.11 0.89 0.60 0.43 0.35 0.31 0.14
Long-Term Debt to Equity		 0.49 0.38 1.16 1.01 1.01 0.84 0.56 0.41 0.34 0.31 0.14
Financial Leverage		 0.37 0.32 0.70 1.03 0.87 0.70 0.52 0.30 0.13 0.09 0.09
Leverage Ratio		 1.96 1.92 2.35 2.70 2.65 2.56 2.27 1.99 1.81 1.73 1.67
Compound Leverage Factor		 1.77 1.83 2.11 2.24 1.60 2.19 2.10 1.90 1.80 1.73 1.64
Debt to Total Capital		 33.26% 28.12% 54.18% 51.64% 52.54% 47.04% 37.49% 29.90% 26.13% 23.68% 12.35%
Short-Term Debt to Total Capital		 0.33% 0.46% 1.08% 2.64% 4.42% 2.47% 2.18% 1.21% 1.10% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.93% 27.66% 53.10% 49.00% 48.11% 44.57% 35.31% 28.69% 25.03% 23.68% 12.35%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 66.74% 71.88% 45.82% 48.36% 47.46% 52.96% 62.51% 70.10% 73.87% 77.00% 87.65%
Debt to EBITDA		 2.54 1.36 3.47 3.23 6.04 3.15 1.68 1.19 1.08 1.02 0.42
Net Debt to EBITDA		 2.07 0.87 3.27 2.86 4.31 2.17 1.23 0.53 0.25 0.33 0.22
Long-Term Debt to EBITDA		 2.51 1.33 3.40 3.06 5.53 2.99 1.58 1.14 1.03 1.02 0.42
Debt to NOPAT		 9.75 2.07 6.17 5.53 24.11 4.93 2.47 1.71 1.56 1.46 0.63
Net Debt to NOPAT		 7.97 1.33 5.82 4.91 17.17 3.40 1.81 0.76 0.36 0.47 0.32
Long-Term Debt to NOPAT		 9.65 2.04 6.05 5.25 22.08 4.67 2.32 1.64 1.49 1.46 0.63
Altman Z-Score		 5.03 5.75 3.71 3.86 3.63 4.46 4.98 6.17 7.15 7.48 10.47
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.91% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.85 2.85 2.45 2.71 2.72 2.80 2.72 3.05 3.53 3.32 2.58
Quick Ratio		 1.49 1.60 1.39 1.53 1.69 1.81 1.68 1.95 2.37 2.20 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 101 135 -637 151 277 174 128 282 295 188 450
Operating Cash Flow to CapEx		 1,293.32% 1,165.77% 661.98% 1,005.18% 1,633.26% 1,644.20% 1,102.25% 1,373.23% 1,529.12% 1,942.65% 2,153.87%
Free Cash Flow to Firm to Interest Expense		 11.17 15.26 -26.37 3.70 7.42 5.63 4.79 11.39 14.36 10.33 25.88
Operating Cash Flow to Interest Expense		 17.99 18.64 6.10 4.43 7.96 7.85 7.00 13.88 18.08 27.03 27.84
Operating Cash Flow Less CapEx to Interest Expense		 16.60 17.04 5.18 3.99 7.48 7.37 6.37 12.86 16.90 25.64 26.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.84 1.92 1.67 1.50 1.41 1.42 1.61 1.70 1.57 1.49 1.61
Accounts Receivable Turnover		 6.96 7.02 6.54 6.37 6.55 6.70 6.50 6.47 6.25 6.11 6.20
Inventory Turnover		 5.17 5.43 5.71 5.67 5.52 6.12 6.66 6.57 6.35 6.40 6.82
Fixed Asset Turnover		 23.74 24.03 26.79 28.27 26.37 27.25 33.50 38.89 38.36 37.00 38.23
Accounts Payable Turnover		 11.04 11.28 10.01 9.98 10.90 11.66 11.56 11.14 11.05 11.63 11.14
Days Sales Outstanding (DSO)		 52.46 51.98 55.80 57.27 55.72 54.50 56.17 56.45 58.39 59.77 58.83
Days Inventory Outstanding (DIO)		 70.57 67.19 63.96 64.38 66.16 59.64 54.83 55.52 57.46 57.02 53.50
Days Payable Outstanding (DPO)		 33.07 32.37 36.47 36.59 33.49 31.29 31.56 32.76 33.02 31.39 32.77
Cash Conversion Cycle (CCC)		 89.95 86.81 83.29 85.06 88.39 82.84 79.43 79.21 82.83 85.39 79.56
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 926 932 1,725 1,747 1,509 1,503 1,654 1,736 1,825 2,028 1,997
Invested Capital Turnover		 2.63 2.79 2.31 2.00 1.99 2.15 2.41 2.60 2.52 2.37 2.47
Increase / (Decrease) in Invested Capital		 -67 5.90 793 22 -238 -5.60 151 82 89 203 -31
Enterprise Value (EV)		 1,815 2,252 3,388 3,061 2,964 3,996 4,133 5,831 7,612 9,022 12,633
Market Capitalization		 1,547 2,066 2,479 2,212 2,299 3,425 3,628 5,553 7,475 8,838 12,498
Book Value per Share		 $16.86 $19.09 $21.06 $23.24 $21.79 $24.00 $29.90 $37.73 $43.75 $48.86 $50.37
Tangible Book Value per Share		 $6.76 $9.62 ($6.92) ($3.47) ($1.04) $2.39 $8.73 $16.67 $21.33 $21.34 $22.84
Total Capital		 986 1,037 1,779 1,855 1,777 1,761 1,839 2,081 2,286 2,417 2,124
Total Debt		 328 292 964 958 934 828 689 622 597 572 262
Total Long-Term Debt		 325 287 945 909 855 785 649 597 572 572 262
Net Debt		 268 187 910 850 665 571 505 278 137 184 135
Capital Expenditures (CapEx)		 13 14 22 18 18 15 17 25 24 25 22
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 451 473 591 665 544 555 716 788 833 833 839
Debt-free Net Working Capital (DFNWC)		 510 578 645 773 812 812 900 1,132 1,294 1,221 966
Net Working Capital (NWC)		 507 573 625 724 734 769 860 1,106 1,269 1,221 966
Net Nonoperating Expense (NNE)		 4.05 6.75 15 29 15 23 22 18 -1.79 -1.91 3.96
Net Nonoperating Obligations (NNO)		 268 187 910 850 665 571 505 278 137 184 135
Total Depreciation and Amortization (D&A)		 42 40 50 62 63 55 54 53 52 60 66
Debt-free, Cash-free Net Working Capital to Revenue		 17.89% 18.22% 19.21% 19.15% 16.75% 17.14% 18.78% 17.85% 18.60% 18.25% 16.90%
Debt-free Net Working Capital to Revenue		 20.26% 22.27% 20.98% 22.27% 25.03% 25.11% 23.62% 25.64% 28.88% 26.76% 19.46%
Net Working Capital to Revenue		 20.13% 22.08% 20.35% 20.86% 22.61% 23.76% 22.57% 25.07% 28.33% 26.76% 19.46%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.75 $3.43 $3.65 $3.72 $0.62 $3.73 $6.69 $8.98 $9.98 $10.26 $11.09
Adjusted Weighted Average Basic Shares Outstanding		 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M
Adjusted Diluted Earnings per Share		 $0.75 $3.40 $3.61 $3.68 $0.62 $3.68 $6.58 $8.84 $9.83 $10.12 $10.95
Adjusted Weighted Average Diluted Shares Outstanding		 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M 36.70M
Normalized Net Operating Profit after Tax (NOPAT)		 108 141 156 196 154 208 279 365 384 391 418
Normalized NOPAT Margin		 4.29% 5.42% 5.08% 5.66% 4.74% 6.44% 7.33% 8.27% 8.57% 8.57% 8.43%
Pre Tax Income Margin		 3.13% 6.44% 6.66% 5.60% 1.70% 5.47% 8.65% 10.19% 11.12% 10.98% 10.96%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.74 19.87 9.45 5.75 2.46 6.74 13.29 19.02 24.38 27.54 31.76
NOPAT to Interest Expense		 3.73 15.93 6.47 4.24 1.04 5.45 10.43 14.71 18.69 21.47 24.07
EBIT Less CapEx to Interest Expense		 8.35 18.27 8.53 5.31 1.98 6.26 12.66 18.01 23.20 26.15 30.47
NOPAT Less CapEx to Interest Expense		 2.34 14.33 5.55 3.80 0.55 4.98 9.79 13.70 17.51 20.08 22.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 146.50% 33.32% 32.38% 32.83% 203.28% 35.00% 20.13% 15.41% 14.49% 16.21% 17.51%
Augmented Payout Ratio		 273.17% 39.48% 48.46% 40.57% 203.28% 62.69% 25.48% 15.62% 33.51% 55.10% 94.04%

Quarterly Metrics And Ratios for Applied Industrial Technologies

This table displays calculated financial ratios and metrics derived from Applied Industrial Technologies' official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 37,302,440.00 36,959,541.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 37,302,440.00 36,959,541.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.67 3.21
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 1.59% 1.27% 0.22% 0.34% -0.39% 1.78% 5.52% 9.15% 8.39% 7.26% 10.45%
EBITDA Growth		 4.24% -3.28% 9.59% -3.29% 3.28% 6.82% -0.28% 13.41% 3.93% 6.15% 16.06%
EBIT Growth		 4.80% -3.25% 10.67% -3.99% 3.49% 4.23% -2.78% 12.23% 1.72% 7.37% 18.32%
NOPAT Growth		 5.49% -4.77% 7.22% -5.73% 1.74% 5.62% 5.42% 12.70% 4.01% 0.37% 11.00%
Net Income Growth		 13.39% 0.03% 12.23% -1.88% 2.26% 2.66% 4.20% 9.50% 2.21% -0.03% 9.98%
EPS Growth		 13.17% 0.40% 12.34% -1.26% 3.02% 3.63% 6.06% 11.44% 5.02% 3.11% 12.86%
Operating Cash Flow Growth		 61.83% 11.95% -33.74% 92.95% -6.51% 45.44% 23.33% -6.60% 4.75% -18.25% 12.21%
Free Cash Flow Firm Growth		 173.73% 221.70% 1.36% 272.13% -328.95% -226.72% -813.43% -263.49% 165.85% 169.85% 259.12%
Invested Capital Growth		 0.71% -0.62% 5.13% 0.73% 15.08% 13.12% 11.12% 12.51% -1.05% 0.33% -1.55%
Revenue Q/Q Growth		 -1.65% 6.43% 1.25% -5.32% -2.36% 8.74% 4.97% -2.06% -3.04% 7.60% 8.09%
EBITDA Q/Q Growth		 -1.90% 3.71% 13.09% -15.95% 4.76% 7.27% 5.58% -4.42% -3.99% 9.56% 15.44%
EBIT Q/Q Growth		 -2.27% 4.61% 14.10% -17.69% 5.35% 5.35% 6.42% -4.98% -4.53% 11.20% 17.28%
NOPAT Q/Q Growth		 -5.01% 6.22% 6.52% -12.28% 2.50% 10.28% 6.32% -6.22% -5.41% 6.42% 17.58%
Net Income Q/Q Growth		 -2.77% 6.56% 6.45% -11.04% 1.33% 6.98% 8.05% -6.52% -5.41% 4.64% 18.87%
EPS Q/Q Growth		 -2.93% 6.90% 6.45% -10.61% 1.27% 7.53% 8.95% -6.07% -4.56% 5.58% 19.25%
Operating Cash Flow Q/Q Growth		 53.69% -17.26% 41.62% 7.14% -25.53% 28.71% 20.09% -18.86% -16.48% 0.45% 64.81%
Free Cash Flow Firm Q/Q Growth		 277.77% 37.92% -87.59% 475.51% -332.42% 23.66% 30.13% -31.88% 193.62% -19.03% 59.17%
Invested Capital Q/Q Growth		 -0.31% 0.96% 0.89% -0.80% 13.89% -0.75% -0.91% 0.44% 0.17% 0.64% -2.77%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.44% 29.51% 30.69% 29.58% 30.57% 30.45% 30.60% 30.13% 30.38% 30.43% 30.40%
EBITDA Margin		 12.15% 11.84% 13.22% 11.74% 12.59% 12.42% 12.49% 12.19% 12.07% 12.29% 13.13%
Operating Margin		 10.64% 10.57% 12.01% 10.30% 11.26% 11.09% 11.03% 10.76% 10.59% 11.02% 11.78%
EBIT Margin		 10.91% 10.72% 12.08% 10.51% 11.34% 10.98% 11.13% 10.80% 10.64% 10.99% 11.93%
Profit (Net Income) Margin		 8.47% 8.48% 8.92% 8.38% 8.69% 8.55% 8.80% 8.40% 8.20% 7.97% 8.77%
Tax Burden Percent		 78.92% 79.25% 73.43% 79.31% 76.12% 78.41% 79.85% 78.40% 77.66% 73.83% 75.16%
Interest Burden Percent		 98.37% 99.78% 100.48% 100.54% 100.77% 99.33% 99.03% 99.23% 99.24% 98.22% 97.80%
Effective Tax Rate		 21.08% 20.75% 26.57% 20.69% 23.88% 21.59% 20.15% 21.60% 22.34% 26.17% 24.84%
Return on Invested Capital (ROIC)		 20.98% 20.67% 22.17% 20.29% 19.93% 20.29% 20.86% 20.44% 19.07% 19.20% 21.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 21.22% 21.07% 22.74% 21.73% 20.50% 19.37% 20.84% 20.11% 18.91% 18.20% 21.13%
Return on Net Nonoperating Assets (RNNOA)		 4.88% 4.01% 3.00% 2.12% 2.73% 1.99% 1.89% 1.17% 2.24% 2.04% 1.82%
Return on Equity (ROE)		 25.86% 24.68% 25.17% 22.41% 22.66% 22.29% 22.75% 21.62% 21.31% 21.24% 23.66%
Cash Return on Invested Capital (CROIC)		 20.68% 21.41% 16.56% 20.26% 5.71% 7.68% 9.77% 9.14% 20.85% 19.50% 22.36%
Operating Return on Assets (OROA)		 18.35% 17.57% 19.01% 16.37% 17.42% 16.55% 16.58% 16.28% 16.30% 17.43% 19.15%
Return on Assets (ROA)		 14.25% 13.90% 14.03% 13.05% 13.37% 12.89% 13.11% 12.67% 12.56% 12.64% 14.08%
Return on Common Equity (ROCE)		 25.86% 24.68% 25.17% 22.41% 22.66% 22.29% 22.96% 21.62% 21.31% 21.24% 23.66%
Return on Equity Simple (ROE_SIMPLE)		 23.29% 22.44% 0.00% 21.92% 21.53% 21.27% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 90 96 102 90 92 101 108 101 96 102 120
NOPAT Margin		 8.40% 8.38% 8.82% 8.17% 8.57% 8.70% 8.81% 8.43% 8.23% 8.14% 8.85%
Net Nonoperating Expense Percent (NNEP)		 -0.24% -0.40% -0.56% -1.44% -0.57% 0.92% 0.02% 0.33% 0.16% 1.00% 0.71%
Return On Investment Capital (ROIC_SIMPLE)		 4.10% - - - 3.89% 4.23% 4.46% 4.12% 3.91% 4.58% 5.64%
Cost of Revenue to Revenue		 70.56% 70.49% 69.31% 70.42% 69.43% 69.55% 69.40% 69.87% 69.62% 69.57% 69.60%
SG&A Expenses to Revenue		 18.80% 18.93% 18.69% 19.28% 19.31% 19.36% 19.57% 19.37% 19.79% 19.41% 18.62%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 18.80% 18.93% 18.69% 19.28% 19.31% 19.36% 19.57% 19.37% 19.79% 19.41% 18.62%
Earnings before Interest and Taxes (EBIT)		 118 123 140 115 122 128 136 130 124 138 161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 131 136 153 129 135 145 153 146 140 154 178
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.13 4.56 4.43 4.89 5.13 4.73 4.75 5.23 5.17 5.32 6.71
Price to Tangible Book Value (P/TBV)		 8.40 8.85 9.08 9.67 12.33 11.05 10.87 11.66 11.47 11.89 14.80
Price to Revenue (P/Rev)		 1.49 1.70 1.67 1.91 2.06 1.92 1.94 2.11 2.04 2.05 2.52
Price to Earnings (P/E)		 17.75 20.32 19.38 22.29 23.85 22.25 22.49 24.53 23.98 24.51 30.15
Dividend Yield		 0.81% 0.54% 0.56% 0.50% 0.62% 0.70% 0.72% 0.67% 0.72% 0.71% 0.57%
Earnings Yield		 5.63% 4.92% 5.16% 4.49% 4.19% 4.49% 4.45% 4.08% 4.17% 4.08% 3.32%
Enterprise Value to Invested Capital (EV/IC)		 3.81 4.28 4.17 4.76 4.59 4.33 4.45 4.91 4.83 4.91 6.33
Enterprise Value to Revenue (EV/Rev)		 1.53 1.73 1.70 1.92 2.12 1.97 1.98 2.15 2.07 2.09 2.54
Enterprise Value to EBITDA (EV/EBITDA)		 12.55 14.36 13.76 15.70 17.13 15.76 16.05 17.28 16.85 17.00 20.44
Enterprise Value to EBIT (EV/EBIT)		 13.90 15.90 15.19 17.37 18.94 17.54 17.99 19.41 19.03 19.14 22.88
Enterprise Value to NOPAT (EV/NOPAT)		 17.89 20.54 19.82 22.77 24.92 23.00 23.07 24.87 24.25 24.82 30.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.15 17.94 20.50 19.91 22.23 19.09 18.32 20.68 20.17 21.65 26.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.50 19.95 25.80 23.58 86.15 59.90 47.94 56.88 23.03 25.24 28.08
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.37 0.36 0.35 0.34 0.32 0.31 0.31 0.30 0.31 0.20 0.14
Long-Term Debt to Equity		 0.36 0.34 0.34 0.33 0.32 0.31 0.31 0.30 0.31 0.19 0.14
Financial Leverage		 0.23 0.19 0.13 0.10 0.13 0.10 0.09 0.06 0.12 0.11 0.09
Leverage Ratio		 1.83 1.79 1.81 1.75 1.71 1.71 1.73 1.70 1.69 1.66 1.67
Compound Leverage Factor		 1.80 1.79 1.82 1.76 1.73 1.70 1.72 1.69 1.68 1.63 1.63
Debt to Total Capital		 27.07% 26.34% 26.13% 25.42% 24.19% 23.85% 23.68% 23.30% 23.39% 16.42% 12.35%
Short-Term Debt to Total Capital		 1.14% 1.11% 1.10% 1.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.81% 0.00%
Long-Term Debt to Total Capital		 25.93% 25.24% 25.03% 24.36% 24.19% 23.85% 23.68% 23.30% 23.39% 15.61% 12.35%
Preferred Equity to Total Capital		 0.11% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 72.93% 73.66% 73.87% 74.58% 75.81% 76.15% 77.00% 76.70% 76.61% 83.58% 87.65%
Debt to EBITDA		 1.10 1.11 1.08 1.09 1.03 1.02 1.02 0.99 0.98 0.62 0.42
Net Debt to EBITDA		 0.34 0.26 0.25 0.11 0.49 0.39 0.33 0.27 0.28 0.33 0.22
Long-Term Debt to EBITDA		 1.05 1.06 1.03 1.04 1.03 1.02 1.02 0.99 0.98 0.59 0.42
Debt to NOPAT		 1.56 1.58 1.56 1.58 1.51 1.48 1.46 1.42 1.41 0.90 0.63
Net Debt to NOPAT		 0.48 0.37 0.36 0.16 0.71 0.57 0.47 0.38 0.41 0.48 0.32
Long-Term Debt to NOPAT		 1.50 1.52 1.49 1.51 1.51 1.48 1.46 1.42 1.41 0.85 0.63
Altman Z-Score		 6.66 7.11 6.75 7.29 7.54 7.14 7.10 7.74 7.80 8.72 10.04
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.91% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.75 3.77 3.53 3.78 3.76 3.57 3.32 3.55 3.68 2.95 2.58
Quick Ratio		 2.39 2.49 2.37 2.57 2.33 2.34 2.20 2.35 2.34 1.80 1.56
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 78 107 13 77 -178 -136 -95 -125 117 95 151
Operating Cash Flow to CapEx		 1,966.34% 1,130.40% 1,600.89% 2,707.65% 1,863.24% 1,643.89% 1,821.48% 1,642.13% 1,757.65% 2,280.41% 3,204.43%
Free Cash Flow to Firm to Interest Expense		 40.60 405.04 0.78 0.00 0.00 -159.46 -5.02 -126.22 124.56 38.83 11.63
Operating Cash Flow to Interest Expense		 53.08 317.71 7.00 0.00 0.00 143.56 7.77 120.16 105.80 40.91 12.69
Operating Cash Flow Less CapEx to Interest Expense		 50.38 289.60 6.56 0.00 0.00 134.82 7.34 112.84 99.78 39.12 12.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.68 1.64 1.57 1.56 1.54 1.51 1.49 1.51 1.53 1.59 1.61
Accounts Receivable Turnover		 6.79 6.32 6.25 6.47 6.61 6.14 6.11 6.46 6.78 6.25 6.20
Inventory Turnover		 6.04 6.13 6.35 6.26 6.03 6.24 6.40 6.37 6.32 6.56 6.82
Fixed Asset Turnover		 39.40 26.91 38.36 38.52 37.47 37.13 37.00 37.52 37.31 37.94 38.23
Accounts Payable Turnover		 12.49 11.54 11.05 11.99 12.66 11.33 11.63 11.97 13.26 11.51 11.14
Days Sales Outstanding (DSO)		 53.73 57.72 58.39 56.44 55.23 59.42 59.77 56.54 53.86 58.37 58.83
Days Inventory Outstanding (DIO)		 60.46 59.58 57.46 58.30 60.51 58.48 57.02 57.33 57.74 55.64 53.50
Days Payable Outstanding (DPO)		 29.22 31.62 33.02 30.45 28.83 32.22 31.39 30.49 27.53 31.71 32.77
Cash Conversion Cycle (CCC)		 84.97 85.67 82.83 84.30 86.91 85.68 85.39 83.39 84.08 82.29 79.56
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,792 1,809 1,825 1,811 2,062 2,047 2,028 2,037 2,041 2,054 1,997
Invested Capital Turnover		 2.50 2.47 2.52 2.48 2.32 2.33 2.37 2.42 2.32 2.36 2.47
Increase / (Decrease) in Invested Capital		 13 -11 89 13 270 237 203 226 -22 6.83 -31
Enterprise Value (EV)		 6,832 7,751 7,612 8,620 9,476 8,867 9,022 10,009 9,851 10,091 12,633
Market Capitalization		 6,646 7,610 7,475 8,559 9,207 8,648 8,838 9,855 9,685 9,897 12,498
Book Value per Share		 $41.49 $43.16 $43.75 $45.68 $46.65 $47.62 $48.86 $49.90 $49.70 $49.86 $50.37
Tangible Book Value per Share		 $20.40 $22.23 $21.33 $23.07 $19.42 $20.39 $21.34 $22.38 $22.38 $22.31 $22.84
Total Capital		 2,205 2,266 2,286 2,349 2,366 2,400 2,417 2,456 2,447 2,225 2,124
Total Debt		 597 597 597 597 572 572 572 572 572 365 262
Total Long-Term Debt		 572 572 572 572 572 572 572 572 572 347 262
Net Debt		 184 140 137 59 269 219 184 154 166 194 135
Capital Expenditures (CapEx)		 5.18 7.45 7.45 4.72 5.11 7.45 8.07 7.27 5.67 4.39 5.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 845 868 833 818 882 864 833 849 867 891 839
Debt-free Net Working Capital (DFNWC)		 1,258 1,324 1,294 1,356 1,185 1,217 1,221 1,268 1,273 1,063 966
Net Working Capital (NWC)		 1,233 1,299 1,269 1,331 1,185 1,217 1,221 1,268 1,273 1,045 966
Net Nonoperating Expense (NNE)		 -0.79 -1.16 -1.17 -2.31 -1.29 1.66 0.03 0.35 0.34 2.07 1.14
Net Nonoperating Obligations (NNO)		 184 140 137 59 269 219 184 154 166 194 135
Total Depreciation and Amortization (D&A)		 13 13 13 14 13 17 17 17 17 16 16
Debt-free, Cash-free Net Working Capital to Revenue		 18.94% 19.39% 18.60% 18.24% 19.69% 19.21% 18.25% 18.20% 18.24% 18.41% 16.90%
Debt-free Net Working Capital to Revenue		 28.19% 29.58% 28.88% 30.25% 26.46% 27.05% 26.76% 27.18% 26.78% 21.96% 19.46%
Net Working Capital to Revenue		 27.63% 29.02% 28.33% 29.69% 26.46% 27.05% 26.76% 27.18% 26.78% 21.59% 19.46%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.35 $2.51 $2.70 $2.40 $2.43 $2.60 $2.83 $2.67 $2.54 $2.68 $3.20
Adjusted Weighted Average Basic Shares Outstanding		 38.74M 38.68M 38.36M 38.40M 38.43M 38.32M 37.75M 37.76M 37.60M 37.22M 36.70M
Adjusted Diluted Earnings per Share		 $2.32 $2.48 $2.64 $2.36 $2.39 $2.57 $2.80 $2.63 $2.51 $2.65 $3.16
Adjusted Weighted Average Diluted Shares Outstanding		 39.30M 39.25M 38.36M 38.94M 38.96M 38.85M 37.75M 38.27M 38.06M 37.68M 36.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.67M 38.60M 38.36M 38.45M 38.38M 38.08M 37.75M 37.72M 37.30M 36.96M 36.70M
Normalized Net Operating Profit after Tax (NOPAT)		 90 96 102 90 92 101 108 101 96 102 120
Normalized NOPAT Margin		 8.40% 8.38% 8.82% 8.17% 8.57% 8.70% 8.81% 8.43% 8.23% 8.14% 8.85%
Pre Tax Income Margin		 10.73% 10.70% 12.14% 10.56% 11.42% 10.91% 11.03% 10.72% 10.56% 10.80% 11.66%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 61.30 463.89 8.23 0.00 0.00 150.22 7.21 130.49 131.33 56.22 12.41
NOPAT to Interest Expense		 47.17 362.49 6.00 0.00 0.00 118.95 5.70 101.87 101.58 41.62 9.21
EBIT Less CapEx to Interest Expense		 58.60 435.78 7.79 0.00 0.00 141.48 6.78 123.17 125.31 54.43 12.01
NOPAT Less CapEx to Interest Expense		 44.47 334.39 5.57 0.00 0.00 110.21 5.27 94.55 95.56 39.82 8.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 14.51% 14.72% 14.49% 14.73% 14.81% 15.57% 16.21% 16.64% 17.32% 17.65% 17.51%
Augmented Payout Ratio		 17.36% 22.44% 33.51% 36.44% 38.85% 47.56% 55.10% 65.44% 83.24% 94.29% 94.04%

Financials Breakdown Chart

Key Financial Trends

Applied Industrial Technologies (NYSE: AIT) continued to show solid operating momentum in Q4 fiscal 2026. Revenue increased to $1.35 billion from $1.22 billion in Q4 fiscal 2025, a gain of approximately 10%. Gross profit rose 9.7% to $411.2 million, while operating income increased nearly 18% to $159.3 million. The operating margin improved to approximately 11.8%, compared with 11.0% a year earlier, suggesting that the company is generating some operating leverage as sales grow.

Net income reached $118.6 million, compared with $107.8 million in the year-ago quarter. Diluted earnings per share rose to $3.16 from $2.80, helped by both higher earnings and continued share repurchases. Across the available quarterly history, revenue and earnings have generally trended higher: quarterly revenue increased from approximately $1.06 billion in Q1 fiscal 2023 to $1.20 billion in Q1 fiscal 2026, while diluted EPS increased from $1.97 to $2.63 over the same periods.

Cash generation was also strong in the latest quarter. Operating cash flow was $165.0 million, up from $147.0 million in Q4 fiscal 2025, and exceeded net income by a healthy margin. After $5.3 million of capital expenditures, estimated free cash flow was approximately $159.7 million. However, AIT used substantial cash for capital returns and debt management. The company repurchased $80.8 million of stock, paid $18.9 million in dividends and made $310.0 million of debt repayments, partially offset by $207.0 million of new debt issuance.

  • Revenue growth accelerated: Q4 fiscal 2026 revenue rose approximately 10% year over year to $1.35 billion, the highest quarterly level in the supplied data.
  • Operating profitability improved: Operating income increased approximately 18%, and the operating margin expanded to about 11.8% from 11.0% in the comparable quarter.
  • EPS growth outpaced revenue growth: Diluted EPS climbed approximately 13% to $3.16, indicating that share repurchases and operating leverage are benefiting per-share results.
  • Operating cash flow remained strong: Q4 operating cash flow of $165.0 million exceeded net income and represented an improvement from the year-ago quarter.
  • Debt levels declined during fiscal 2026: Long-term debt fell from $572.3 million at the end of Q2 fiscal 2026 to $347.3 million at the end of Q3, while short-term debt was $18.0 million. This represents a meaningful reduction in reported debt.
  • Shareholder returns remain substantial: AIT continued to combine regular dividends with sizable stock repurchases. The latest quarter included $80.8 million of repurchases and $18.9 million of dividend payments.
  • Working-capital trends were mixed: Q4 cash flow benefited from a $42.7 million contribution from operating assets and liabilities, but the prior two quarters recorded uses of working capital. Investors should monitor receivables and inventory as sales expand.
  • Liquidity remains adequate but fluctuates: At March 31, 2026, current assets were approximately $1.59 billion versus current liabilities of $536.6 million, implying a current ratio near 3.0. Cash, however, declined to $171.6 million from $406.0 million at December 31 after heavy debt repayments, buybacks and dividends.
  • Capital allocation reduced cash reserves: Despite strong operating cash flow, the company reported a $44.4 million quarterly decline in cash because financing outflows outweighed operating and investing inflows.
  • Goodwill and intangible assets are significant: These assets totaled approximately $1.03 billion at March 31, 2026, or roughly one-third of total assets. While no impairment is shown in the supplied data, a downturn or weaker acquisition performance could create future impairment risk.
08/29/26 05:25 AM ETAI Generated. May Contain Errors.

Applied Industrial Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Applied Industrial Technologies' fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Applied Industrial Technologies' net income appears to be on an upward trend, with a most recent value of $414.53 million in 2026, rising from $29.58 million in 2016. The previous period was $392.99 million in 2025. See where experts think Applied Industrial Technologies is headed by visiting Applied Industrial Technologies' forecast page.

Applied Industrial Technologies' total operating income in 2026 was $549.47 million, based on the following breakdown:
  • Total Gross Profit: $1.51 billion
  • Total Operating Expenses: $957.32 million

Over the last 10 years, Applied Industrial Technologies' total revenue changed from $2.52 billion in 2016 to $4.97 billion in 2026, a change of 97.1%.

Applied Industrial Technologies' total liabilities were at $1.15 billion at the end of 2026, a 13.7% decrease from 2025, and a 75.5% increase since 2016.

In the past 10 years, Applied Industrial Technologies' cash and equivalents has ranged from $54.15 million in 2018 to $460.62 million in 2024, and is currently $127.13 million as of their latest financial filing in 2026.

Over the last 10 years, Applied Industrial Technologies' book value per share changed from 16.86 in 2016 to 50.37 in 2026, a change of 198.8%.


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Financial statements for NYSE:AIT last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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